Jetsons luxury Penang project scrapped

Business
Wednesday, 19 Dec 2012
12:00 AM MYT

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PETALING JAYA: Kumpulan Jetson Bhd has announced that the heads of agreement between its unit Jetson Development Sdn Bhd and Fortress Effect Sdn Bhd for the joint development of a luxury residential development project in Penang, to be known as “The Macalister,” had been mutually terminated.

“Upon the mutual termination, neither party shall have any claims against the other whatsoever,” Kumpulan Jetson said in a note to Bursa Malaysia yesterday.

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Jetsons luxury Penang project scrapped